The Reserve Bank of Australia (RBA) left the cash rate unchanged at 3.85% at its July monetary policy meeting. Read the full statement here.

This decision surprised some market commentators. Many had anticipated a reduction after the Australian Bureau of Statistics’ monthly consumer price index showed annual trimmed mean inflation (the RBA’s preferred measure) had fallen further within the RBA’s target of 2-3%, landing at 2.4% in May.

Given this development on the cash rate front, it can help to talk to an expert. Contact Home Loans Australia if you’d like to discuss your situation and options.